Plan Ledger DOL Form 5500 · updated monthly

Summit Radiology, P.C.401(k)

SUMMIT RADIOLOGY, P.C. PROFIT SHARING PLAN · FORT WAYNE, IN · plan year 2024

Reported admin expense ratio · 2024
0.14%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Summit Radiology, P.C. reported $96,729 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $17,650 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.12% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 201st-largest of 1,562 plans among Indiana employers on file, and the 1,397th of 11,911 in health care & social assistance. In 2024, the employer put in $1.53 for every $1.00 employees contributed themselves; active participation has grown from 90 to 113 since 2022.

Plan summary
Net assets, end of year$72,935,881
Participants with balances128
Active participants113
Employer contributions$1,994,495
Employee contributions$1,307,696
Employer contribution per active participant$17,650
Average account balance$569,812
Benefits paid to participants$7,839,828
Plan auditUnmodified (clean) audit opinion
AuditorBADEN GAGE & SCHROEDER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$72.9M · 128 accts · $2.0M emplr
2023$70.3M · 110 accts · $1.9M emplr
2022$58.5M · 111 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,131
Investment management$90,598
Total administrative$96,729
The Summit Radiology, P.C. 401(k) match · 2024
Employer contribution per active participant$17,650
Median for plans this size$3,635
2024$17,650 per active participant
2023$16,837 per active participant
2022$19,441 per active participant

Summit Radiology, P.C.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Pension consulting$59,668
CREATIVE PLANNING LLC · Investment advisory (plan)$10,227
DICKMEYER BOYCE FINANCIAL MANADICKM · Investment advisory (plan)$5,443
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee$3,971

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$96,729 · 0.14%
2023$80,460 · 0.12%
2022$78,761 · 0.12%
Similar plansHealth Care & Social Assistance · Indiana
Franciscan Alliance, Inc. IN$77.3M · 0.07%
Elkhart Clinic, LLC IN$67.2M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351140337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.